Christian Purslow: NESV will end Liverpool’s financial woes

Liverpool’s managing director Christian Purslow has backed New England Sports Ventures (NESV) to sort out the financial mess at Anfield.

The Reds board accepted an offer from NESV to buy the club earlier in the week – a decision that could rid Liverpool of unpopular owners Tom Hicks and George Gillett , who have saddled the club with huge debts.

Christian Purslow believes the Liverpool takeover will happen (PA)

Hicks and Gillett have launched a High Court challenge to the deal, as they would lose millions of pounds if the sale goes through.

Purslow is optimistic the court will rule in the board’s favour, paving the way for a new era at Anfield under owners he believes will end Liverpool’s financial problems by dealing with the club’s crippling debts.

‘It is wrong that we should have so much of the money that comes through the turnstiles or through our commercial activity go to pay interest on loans,’ he told BBC Radio 5Live’s Sportsweek.

‘We have done our homework and NESV are buying this business with cash and clearing our debt which transforms our financial position overnight.’

His comments came amid reports that NESV have said they will pull out of the takeover if Liverpool are forced into administration and have to accept a nine-pint deduction.

That scenario remains a possibility unless the ownership issue is resolved before Hicks and Gillett have to repay a £220 million loan from Royal Bank of Scotland on October 15th.